ISSI Enters Into A Definitive Merger Agreement To Be Acquired By Consortium For $19.25 Per Share

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Go back to ISSI Enters Into A Definitive Merger Agreement To Be Acquired By Consortium For $19.25 Per Share

Integrated Silicon Solutions (ISSI) to be Acquired by Chinese Consortium for $19.25/Share

March 12, 2015 9:18 AM EDT

Integrated Silicon Solutions (NASDAQ: ISSI) and a Chinese consortium of investors led by Summitview Capital, today jointly announced that they have entered into a definitive merger agreement under which the Consortium will acquire all of the outstanding shares of ISSI for US$19.25 per share in cash. The proposed transaction values ISSI's equity at approximately US$639.5 million, on a fully diluted basis. The transaction is subject to approval by the stockholders of ISSI, as well as antitrust and other regulatory approvals. As part of the transaction, the merger agreement contemplates that, in connection with the... More